Pryor, Montana Property Taxes
The median property tax rate in Pryor, MT is 1.01%, slightly higher than both the national median of 0.99% and the Montana state median of 0.83%. With the median home value in Pryor at $36,500, the typical annual property tax bill is $949, which is well below the national median of $2,690. Property taxes in Pryor are calculated based on the tax assessed value, which generally falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Pryor's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pryor or another part of Big Horn County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pryor, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$369
Ownwell’s Pryor Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pryor with just two data inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Pryor to provide an accurate estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities better. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Pryor, Montana
Property taxes in Pryor, Montana, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pryor is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Pryor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pryor estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Pryor's effective property tax rate to other areas in Montana and the national median. For comparison, the zip code 59066 has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Pryor provides valuable insights into the varying tax landscape across Big Horn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pryor Tax Rate
1.01%
Average Big Horn County Tax Rate
1.09%
Average Montana Tax Rate
0.83%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pryor, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59066 | 1.00% | 1.00% | 1.01% | 1.05% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Pryor, Montana
In Pryor, Montana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Big Horn County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Pryor, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Pryor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 59066, both at $949, reflecting a range of tax burdens within the community.
Average Pryor Assessed Value
$36,500
Average Big Horn County Assessed Value
$96,282
Average Montana Assessed Value
$317,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pryor, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59066 | $6,248 | $8,280 | $36,500 | $152,296 | $279,244 |
Source: Ownwell
Property Tax Bills Across Pryor, Montana
In Pryor, located in Big Horn County, MT, property tax bills are calculated using the assessed value of a home, which is a percentage of its market value. The median home price in Pryor is $36,500. Homeowners' tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill is $252, while the 75th percentile tax bill is significantly higher at $2,488, demonstrating the range in tax liabilities based on property values and exemptions. Comparing this to the national median property tax rate of 0.99%, homeowners in Pryor experience a varied tax landscape. The highest median tax bill in the area is $949, which is relatively modest compared to many other regions. This variation in tax bills can significantly impact homeowners, influencing their financial planning and overall housing affordability. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their budgets accordingly.
Average Pryor Tax Bill
$949
Average Big Horn County Tax Bill
$1,275
Average Montana Tax Bill
$2,646
Average United States Tax Bill
$2,690
Property Tax Bills Across Pryor, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59066 | $88 | $252 | $949 | $2,488 | $3,476 |
Source: Ownwell